Fed chair Jerome Powell: No sign of stagflation in U.S. economy

That’s right. Federal Reserve Chairman Jerome Powell stated there are no signs of stagflation in the U.S. economy currently. Stagflation is an undesirable scenario where an economy faces high inflation and high unemployment coupled with stagnant demand. While the U.S. is experiencing inflation right now, the job market remains resilient with demand still strong. Please note that the situation can change with wider global economic trends and impact from the pandemic. I am here to provide pertinent economic updates or clarify any more terms for you.